Results 1 - 30 of 1,995 for Federal Funds Rate
Using Federal Funds Futures Rates to Predict Federal Reserve Actions - Review
The federal funds futures rate naturally embodies the market’s expectation of the average behavior of the federal funds rate. But, as the authors explain, analysts cannot attempt to identify Fed policy from the behavior of the federal funds futures rate without making somewhat arbitrary additional assumptions.
research.stlouisfed.org/.../using-federal-funds-futures-rates-to-predict-federal-reserve-actions
A New Daily Federal Funds Rate Series and History of the Federal Funds Market, 1928-54 - Review
This article describes the origins and development of the federal funds market from its inception in the 1920s to the early 1950s. We present a newly digitized daily data series on the federal funds rate from April 1928 through June 1954.
The many faces of the federal funds rate | FRED Blog
It’s no surprise FRED has federal funds rate data. But these data aren’t as simple as you may think. They have changed form over time as the Federal Open Market Committee has changed the way it sets the funds rate: From 1982 through 2008, the target rate is a discrete number. For example, it is 9.5% on Oct. 1, 1982, 3% on Oct. 1, 1992, and 1.75% on Oct. 1, 2002. At the end of 2008 (i.e., since the financial crisis), the FOMC began setting a target range of 0.00 to 0.25%. And, to further comp
fredblog.stlouisfed.org/2015/09/the-many-faces-of-the-federal-funds-rate
Federal funds rate: target vs. reality | FRED Blog
The traditional policy tool of the Fed is to target the federal funds rate. Note the term target. Indeed, the Fed does not set this interest rate; rather, it sets the target and then conducts open market operations so that the overnight interest rate on funds deposited by banks at the Fed reaches that target. Obviously, reaching the target is sometimes harder to do, especially in times when there’s a lot of uncertainty in the markets. The graph above compares the target (or target band more re
fredblog.stlouisfed.org/2015/09/federal-funds-rate-target-vs-reality
Tests of the Market's Reaction to Federal Funds Rate Target Changes - Review
The author tests several hypotheses about the market’s reactions to changes in the Federal Reserve’s federal funds rate target. He finds that short-term rates and long-term rates responded differently to funds rate target changes when target changes were accompanied by a change in the discount rate.
research.stlouisfed.org/.../01/tests-of-the-markets-reaction-to-federal-funds-rate-target-changes
Discrete Policy Changes and Empirical Models of the Federal Funds Rate - Review
Empirical models of the federal funds rate almost uniformly use the quarterly or monthly average of the daily rates. One empirical question about the federal funds rate concerns the extent to which monetary policymakers smooth this interest rate.
research.stlouisfed.org/.../discrete-policy-changes-and-empirical-models-of-the-federal-funds-rate
Commentary on "Expectations, Open Market Operations, and Changes in the Federal Funds Rate" - Review
Commentary on "Expectations, Open Market Operations, and Changes in the Federal Funds Rate" by John B. Taylor.
The low long-term yield is likely a result of high foreign demand for Treasuries rather than a near-zero federal funds rate.
A Neutral Federal Funds Rate? - Economic Synopses
Like Goldilocks exploring the three bears’ forest home, many analysts appear to believe there exists a “just right,” or neutral, federal funds rate target. But what exactly is a neutral monetary policy and is it possible to achieve it?
research.stlouisfed.org/.../publications/economic-synopses/2004/12/01/a-neutral-federal-funds-rate
Open Market Operations and the Federal Funds Rate - Review
It is commonly believed that the Fed’s ability to control the federal funds rate stems from its ability to alter the supply of liquidity in the overnight market through open market operations. This article uses daily data compiled by the author from the records of the Trading Desk of the Federal Reserve Bank of New York over the period March 1, 1984, through December 31, 1996.
research.stlouisfed.org/.../review/2007/11/01/open-market-operations-and-the-federal-funds-rate
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